Maxeon Solar Technologies, Ltd. (Nasdaq: MAXN) surprised the market with its impressive first-quarter earnings. The company reported earnings per share (EPS) of $0.46, defying the consensus estimate of a loss of $0.47 per share. This outstanding performance sent shockwaves through the market, resulting in a significant boost to Maxeon Solar's stock price.

The experts at Raymond James took note of Maxeon Solar's strong performance and revised their price target for the stock. They raised the target from $30 to $34, reflecting their increased optimism about the company's future prospects. This positive outlook from a reputable financial institution added fuel to the already soaring stock price.

As a result of these developments, Maxeon Solar's stock ($MAXN) jumped by $8.53 to $36.53 in intraday-trading, equivalent to a remarkable increase of 30.46%.

Meanwhile, Digimarc Corporation (Nasdaq: DMRC) announced a significant contract to safeguard the authenticity of precious metals and building materials. Additionally, it will ensure the integrity of a national deposit-return system for recycling. The five-year contract, valued at over $32 million, was awarded to an international solutions provider. This contract also carries the potential for substantial growth, depending on the inclusion of optional programs in 2024 and beyond.

Following the announcement, Craig-Hallum, a respected investment firm, revised its price target for Digimarc's stock. The firm increased the target from $17 to $25, recognizing the company's expanding opportunities in the market. This upward adjustment in the price target provided further validation for Digimarc's prospects and contributed to a surge in investor confidence.

The positive sentiment surrounding Digimarc translated into a notable increase in its stock price. The shares sured $5.71 to $25.63 in intraday-trading, representing a substantial rise of 28.66%. Investors responded enthusiastically to the news, driving the company's stock value to a new 52-week high.

On a different note, Magnite, Inc. (Nasdaq: MGNI) delivered a positive surprise with its first-quarter earnings report. The company reported earnings per share (EPS) of $0.04, which stood in stark contrast to the consensus estimate of a loss of $0.04 per share.

Magnite's stock witnessed a significant upswing, climbing by $2.45 to $11.88 in intraday-trading, an impressive increase of 26.06%. 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)